Home Industry Toolcraft acquires shares of PT. Yogya Presisi Teknikatama Industri in Indonesia

Toolcraft acquires shares of PT. Yogya Presisi Teknikatama Industri in Indonesia

Already in 2021, the cooperation between toolcraft AG from Middle Franconia and PT. YPTI (Yogya Presisi Teknikatama Industri) from Yogyakarta was officially confirmed with a “Memorandum of Understanding”. Toolcraft is now acquiring shares in the Indonesian partner, thus creating a base for itself in the Asian region.

As the fourth most populous country in the world, Indonesia will be one of the largest economies in 2050, according to expert estimates. Toolcraft, based in Georgensgmünd, Germany, has had a close relationship with this up-and-coming country for some time: With PT. YPTI from Indonesia, which was sealed two years ago with a “Memorandum of Understanding”. Since toolcraft AG is growing continuously and will continue to expand its activities on an international level, it has acquired 50% of the shares in PT. YPTI. In the course of the upcoming succession planning at PT. YPTI, it was the wish of the current management that toolcraft supports and accompanies the next generation with its participation. In this way, toolcraft AG would like to cooperate even more closely with Indonesia on its way to possibly becoming the fourth largest industrial nation in the world.

Bundling joint competencies through participation

YPTI was founded in 1999 and continuously expanded its machine park in machining in the first few years. From 2012, this was followed by investments in injection molding equipment, a 3D laser scanner for quality control, and its own mold making facility. Thus, PT. YPTI is already established in some technologies and is also certified according to AS 9100 for the production of precision components, assemblies and complete solutions for the aerospace industry. With the help of toolcraft AG as a partner, the Indonesian company would like to benefit from the many years of experience of its German partner and now also take its first steps in additive manufacturing. Toolcraft also benefits from this participation in that PT. YPTI will act as an Asian base and thus as an extended arm for production in the Asian region. “In this way, we avoid long and costly transport routes. This not only saves time, but also resources and pays off in terms of sustainability,” says Christoph Hauck, Chief Technology and Sales Officer at Toolcraft. In addition to his role at toolcraft AG, Hauck joins the technical management team at PT. YPTI. Bernd Krebs and Marc Volkhardt, founder and chairman of the supervisory board and chief financial officer at Toolcraft, respectively, have also taken on additional roles on the supervisory board of the Indonesian company. “We are aiming for a vibrant partnership that will benefit both sides,” adds Christoph Hauck. “This participation is a new chapter in our company’s history to increase competence and competitiveness, expand the market and become a company that can offer the best solutions to its customers,” adds Petrus Tedja Hapsoro, Director of PT. YPTI, concludes.

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